Aquila Capital has signed an agreement with Nordic developer OX2 for the construction and asset transfer of the Korkeakangas wind farm with nine wind turbines in Karstula, Finland. The project is being constructed without government subsidies.
OX2 will be constructing the wind farm as part of an EPC contract. The farm is scheduled to be commissioned at the end of 2021. From then, OX2 will also be entrusted with responsibility for the technical and commercial management of the farm.
The wind farm will comprise nine Nordex wind turbines and is estimated to produce an average of about 140 GWh per year.
Country updates
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January 14, 2020
Fortum finalizes sale of its district heating business in Joensuu
Fortum has concluded the sale of its district heating business in Joensuu, Finland to Savon Voima Oyj, as announced on 20 December 2019. The total consideration of the sale on a debt- and cash-free b...
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January 10, 2020
Taaleri to sell three wind farms in Oulu City
Funds managed by Taaleri have agreed to divest part of their wind farm investment portfolio by selling their shares in the Nyby and Myllykangas wind farms to a consortium of Korean institutional inves...
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January 03, 2020
Aquila European Renewables Income Fund takes over 43.2 MW Korkeakangas wind project in Karstula
Aquila European Renewables Income Fund (AERIF) has approved the signing of an Share Purchase Agreement to acquire a construction-ready wind farm in Finland. The company agreed to acquire 100% of the...
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December 31, 2019
Fortum divests its district heating business in Joensuu
Fortum has signed an agreement to sell its district heating business in Joensuu, Finland to Savon Voima Oyj. The total consideration on a debt- and cash-free basis is approximately EUR530 (US$587) mil...
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November 27, 2019
TuuliWatti Oy selects Saft as provider of battery storage for Viinamäki wind project
TuuliWatti Oy has selected Saft Groupe SA, a unit of Total SA, to provide lithium-ion (Li-ion) energy storage system (ESS) for the 21 MW Viinamäki wind project in Finland. T...
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